Authorizes use of Global Warming Solutions Fund monies for cost reduction programs; requires DEP to prioritize consumer relief when allocating Global Warming Solutions Fund monies.
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Progress
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- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill modifies how funds from the Global Warming Solutions Fund are used in New Jersey. It directs the Department of Environmental Protection (DEP) to prioritize reducing costs for electricity and natural gas consumers when allocating these funds. The bill also requires the DEP to develop guidelines and a priority ranking system to ensure that grant recipients effectively reduce greenhouse gas emissions and benefit communities disproportionately impacted by environmental issues. Specifically, it mandates prioritizing consumer cost reduction over other criteria when awarding grants.
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